The crazy thing is that Powell's term ends in four months. This isn't even about applying political pressure to get him to follow the President's will. It's just vindictiveness for being unwilling...
The crazy thing is that Powell's term ends in four months. This isn't even about applying political pressure to get him to follow the President's will.
It's just vindictiveness for being unwilling to bend the knee.
Isn't that the key to Trumps whole governing model, where loyalty to him is more important than anything else? Regardless of it has direct effect or not. Trump wants people to know that its best...
Isn't that the key to Trumps whole governing model, where loyalty to him is more important than anything else? Regardless of it has direct effect or not. Trump wants people to know that its best for you to do what you think will make him happy, other orders, procedure or legality be damned.
My model of Trump’s behavior has shifted lately and I now think he actually just hates America and Americans for spurning him in 2020. This administration’s behavior goes beyond being merely...
My model of Trump’s behavior has shifted lately and I now think he actually just hates America and Americans for spurning him in 2020. This administration’s behavior goes beyond being merely authoritarian and kleptocratic. They seem to actively revel in immiseration of the populace and in profaning all the symbols of American civic life and culture. They are looting the nation sure, but it seems to go beyond merely being selfish and greedy and corrupt. They actually want to destroy us.
Jerome Powell’s term is almost over anyway, he could have just waited it out and gotten his own guy in. But they don’t want to do the smash-and-grab in secret. They want to actually destroy all faith in the US Government and its role as a guarantor of global peace and stability, both geopolitically and economically.
Personally, I think it's that Trump is surrounded around another level of yes-men compared to his first term. Everyone in the second admin got the memo from seeing the first admin that you have to...
Personally, I think it's that Trump is surrounded around another level of yes-men compared to his first term. Everyone in the second admin got the memo from seeing the first admin that you have to really suck up to him to keep your job. That means that he's getting not only no pushback, but active praise, for his increasingly unhinged ideas.
I don’t think he hates America. He doesn’t think about it at all. He just wants the person in front of him to like him, and unfortunately the people in front of him are the worst people. Worse,...
I don’t think he hates America. He doesn’t think about it at all. He just wants the person in front of him to like him, and unfortunately the people in front of him are the worst people. Worse, probably most of the time it’s Stephen Miller.
EDIT: I thought this is worth a separate topic given anything related to the federal reserve affects the rest of us too with how important the US dollar is in global trade.
Investors took one look at the Trump administration’s criminal investigation of Federal Reserve Chair Jerome Powell and decided to resuscitate the “Sell America” trade, selling off US stocks, bonds and the dollar.
…
Markets had brief moments of panic in 2025 as President Donald Trump openly criticized Powell, calling him “too late” and questioning the Fed chief’s ability to run the central bank.
“Our view has been that markets are concerned about threats to Fed independence but had become accustomed to hostile jawboning and would not trade on this fear absent some clear coordinating proof point,” [Krishna Guha, vice chairman at Evercore ISI] said. “The subpoenas and Powell’s response could very well be such a coordinating proof point.”
EDIT: I thought this is worth a separate topic given anything related to the federal reserve affects the rest of us too with how important the US dollar is in global trade.
Where did CNN get this data? Did they hop on the trading floor and interview a significant number of traders who mentioned they would "Sell America"? Did they look at the market and see there was...
Investors took one look at the Trump administration’s criminal investigation of Federal Reserve Chair Jerome Powell and decided to resuscitate the “Sell America” trade, selling off US stocks, bonds and the dollar.
Where did CNN get this data? Did they hop on the trading floor and interview a significant number of traders who mentioned they would "Sell America"? Did they look at the market and see there was basically no movement (including pre-market)? No. CNN and almost every single breaking financial news article makes a wild guess as to what's happening. Short-term analysis is almost all worthless.
What's happening with Powell is a travesty and may have long term ramifications, but CNN is just making shit up right now.
Yeah it happens a lot with breaking news on the markets tbh. They know it gets clicks so they'll never stop. My rule of thumb is if the market doesn't move at least 3%, I don't think it's a big...
Yeah it happens a lot with breaking news on the markets tbh. They know it gets clicks so they'll never stop. My rule of thumb is if the market doesn't move at least 3%, I don't think it's a big deal. Fluctuations happen and trying to divine the reason will drive one mad. If it's at night, I take a look at S&P 500 futures for a rough idea of what to expect and it was barely moving yesterday.
While this is extremely depressing I don't see any significant dip in my stocks as of yet... Which might mean Trump is even more emboldened to push on this latest insanity. I hate this timeline.
While this is extremely depressing I don't see any significant dip in my stocks as of yet... Which might mean Trump is even more emboldened to push on this latest insanity.
Interestingly, the SP500/NASDAQ hasn't really dropped, suggesting that the market has already priced in these shenanigans (assuming the market is currently rational).
Interestingly, the SP500/NASDAQ hasn't really dropped, suggesting that the market has already priced in these shenanigans (assuming the market is currently rational).
big assumption in these current times. Everything's pointing to a crash as soon as this year and as late as right before the turn of the decade. This time in both assets and jobs at the same time.
assuming the market is currently rational
big assumption in these current times. Everything's pointing to a crash as soon as this year and as late as right before the turn of the decade. This time in both assets and jobs at the same time.
I would imagine that by now, more cautious investors have already fled to greener pastures (or more golden pastures, as the case may be), so the US stock market may not be as responsive to bad...
I would imagine that by now, more cautious investors have already fled to greener pastures (or more golden pastures, as the case may be), so the US stock market may not be as responsive to bad news as it once was.
High inflation tends to inflate the market too. Venezuela in 2016 had one of the largest market growths worldwide... Because their currency cratered in value. Notably, that was also shortly after...
High inflation tends to inflate the market too. Venezuela in 2016 had one of the largest market growths worldwide... Because their currency cratered in value. Notably, that was also shortly after Maduro stripped their federal bank of their independence.
The crazy thing is that Powell's term ends in four months. This isn't even about applying political pressure to get him to follow the President's will.
It's just vindictiveness for being unwilling to bend the knee.
Isn't that the key to Trumps whole governing model, where loyalty to him is more important than anything else? Regardless of it has direct effect or not. Trump wants people to know that its best for you to do what you think will make him happy, other orders, procedure or legality be damned.
So you're telling me we're getting 0% interest rate and more inflation in 4 months?
Not 0% but upcoming Fed chair picks are very much keen on cutting interest rates more aggressively, yes.
My model of Trump’s behavior has shifted lately and I now think he actually just hates America and Americans for spurning him in 2020. This administration’s behavior goes beyond being merely authoritarian and kleptocratic. They seem to actively revel in immiseration of the populace and in profaning all the symbols of American civic life and culture. They are looting the nation sure, but it seems to go beyond merely being selfish and greedy and corrupt. They actually want to destroy us.
Jerome Powell’s term is almost over anyway, he could have just waited it out and gotten his own guy in. But they don’t want to do the smash-and-grab in secret. They want to actually destroy all faith in the US Government and its role as a guarantor of global peace and stability, both geopolitically and economically.
Personally, I think it's that Trump is surrounded around another level of yes-men compared to his first term. Everyone in the second admin got the memo from seeing the first admin that you have to really suck up to him to keep your job. That means that he's getting not only no pushback, but active praise, for his increasingly unhinged ideas.
I don’t think he hates America. He doesn’t think about it at all. He just wants the person in front of him to like him, and unfortunately the people in front of him are the worst people. Worse, probably most of the time it’s Stephen Miller.
EDIT: I thought this is worth a separate topic given anything related to the federal reserve affects the rest of us too with how important the US dollar is in global trade.
Where did CNN get this data? Did they hop on the trading floor and interview a significant number of traders who mentioned they would "Sell America"? Did they look at the market and see there was basically no movement (including pre-market)? No. CNN and almost every single breaking financial news article makes a wild guess as to what's happening. Short-term analysis is almost all worthless.
What's happening with Powell is a travesty and may have long term ramifications, but CNN is just making shit up right now.
They updated the title to
lmfao. lesson learned, wait for the markets to react first before posting topic
Yeah it happens a lot with breaking news on the markets tbh. They know it gets clicks so they'll never stop. My rule of thumb is if the market doesn't move at least 3%, I don't think it's a big deal. Fluctuations happen and trying to divine the reason will drive one mad. If it's at night, I take a look at S&P 500 futures for a rough idea of what to expect and it was barely moving yesterday.
While this is extremely depressing I don't see any significant dip in my stocks as of yet... Which might mean Trump is even more emboldened to push on this latest insanity.
I hate this timeline.
Interestingly, the SP500/NASDAQ hasn't really dropped, suggesting that the market has already priced in these shenanigans (assuming the market is currently rational).
big assumption in these current times. Everything's pointing to a crash as soon as this year and as late as right before the turn of the decade. This time in both assets and jobs at the same time.
I would imagine that by now, more cautious investors have already fled to greener pastures (or more golden pastures, as the case may be), so the US stock market may not be as responsive to bad news as it once was.
High inflation tends to inflate the market too. Venezuela in 2016 had one of the largest market growths worldwide... Because their currency cratered in value. Notably, that was also shortly after Maduro stripped their federal bank of their independence.